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Fuel Price Trends

The Impact on Your Bill

The Fuel Factor rate on your electricity bill represents the cost of fuel purchased in a month to generate electricity. This rate rises and falls with fuel prices on the global market and is beyond the Company’s control. It is charged per kilowatt hour of electricity used.

The rate is calculated as set out by law, and there is no markup by FortisTCI on the cost of fuel. The calculation of the rate is authenticated each month by the Government’s Energy and Utilities Commissioner’s Office before the release of bills. The fuel factor rate is a common charge from electric utilities and may be called by other names, for example, energy charge or fuel surcharge. Monitor our fuel factor rate notices so you can know what to expect on your electricity bill.

 

Fuel Factor Rates Decrease up to 10.42%: July 2023

Dear Valued Customer, 

Fuel factor rates across some service territories have declined by 10.42% this month as market fuel prices co...

Fuel Factor Rates Decrease up to 6.31%: June 2023

Dear Valued Customer, 

Fuel factor rates on Providenciales, North Caicos, Middle Caicos, Grand Turk, and Salt Cay continue to reflec...

Fuel Factor Rates Decline: May 2023

Dear Valued Customer,

Since February 2023, fuel factor rates have declined by up to 19% on Providenciales, North Caicos, Middle Caicos, G...

Fuel Factor Rates Decline By Up To 18% - March 2023

Dear Valued Customer,

The fuel factor rate on March electricity bills has declined by up to 18% across some service territories as market...

Fuel Factor Rates Update: January 2023

Dear Valued Customer, 

The FortisTCI and TCI Government fuel factor stabilization initiative concluded at the end of December 2022,...

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